Auto componant maker Tata AutoComp Systems Limited and Katcon Global have signed a 50:50 joint venture agreement to provide exhaust systems and emission after-treatment systems to the Indian automotive industry.
The JV will be focused on designing and delivering exhaust systems and emission after-treatment solutions to the Indian automotive industry. The range would cover cutting edge exhaust solutions for passenger cars, utility vehicles, medium and heavy commercial vehicles, buses, farm tractors and off-road vehicles. The product offering will include solutions for both the hot end and cold end of the exhaust system of the vehicle.
Ajay Tandon, managing director & CEO of Tata AutoComp Systems Limited said,“This partnership with KATCON will expand our portfolio to now bring the latest in exhaust and emission after treatment solutions to the Indian automotive Industry.” “As the Indian automotive market evolves, automotive manufacturers in all segments will have to upgrade their emission systems to meet the rising Indian and global standards. Through this JV we will be offering our customers exhaust systems and emission after treatment solutions that are designed to meet Euro V and Euro VI norms,” Arvind Goel, president, COO & CTO, Tata AutoComp Systems said, Carlos Turner, CEO of Katcon Global said, “The combination of Katcon’s expertise in exhaust systems and emission after-treatment and Tata AutoComp’s knowledge of the Indian market provides both companies an opportunity for growth.”
The JV will be headquartered in Pune.